Gold Technical Analysis: Key Breakthrough Levels and Long Position Strategies

Gold's recent movements have once again become the market focus. The immediate resistance above is primarily around the previous high of 4380. This level not only marks the upper boundary of the recent consolidation range but also roughly coincides with the upper band of the weekly Bollinger Bands, forming a critical technical resistance zone. If the price can successfully break through the 4350 intermediate resistance, it will open the way for the gold price to test 4380 and further expand the upward space.

From a trading perspective, establishing long positions at key support areas still aligns with trend-following logic. Specifically, traders can look for long opportunities on gold retracements to around 4305, with stop-loss set below 4290, and targets aimed at the 4350-4380 zone. This stop-loss placement can filter out regular market fluctuations and effectively prevent risks from false breakouts.

It is important to note that whether the price can form a clear stabilization signal above 4305 is crucial. If gold can hold this support zone and regain strength, the bullish structure is likely to continue. Conversely, if the price breaks below 4290 support, the short-term technical structure may shift to a range-bound and bearish bias, requiring timely strategy adjustments.

Overall, gold is currently at a critical decision point. Controlling risk while seizing the stabilization opportunity at key support zones is a rational approach in the current market. Participants should closely monitor the breakout of 4350 and the defense strength around 4305-4290, and respond flexibly to market changes.